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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Cinergy Unit to Seek Cincinnati Gas Rate Hike

LCG, June 28, 2001Cinergy Corp. said this morning that its Cincinnati Gas & Electric Co. subsidiary plans to ask Ohio regulators for authorization to raise base rates for natural gas by about $26 million a year, an average 5.7 percent increase in customer bills.

Joe Hale, president of CG&E said "We have been able to keep this request well below the cost of living index which has increased nearly 15 percent since CG&E's last gas base rate increase five years ago."

Cinergy said the proposed increase in base rates recovers the company's costs to operate and maintain its gas distribution system. Hale pointed out "Since our last base rate increase in 1996, we have continued to make reliable and safe gas service our priority by investing $146 million in our gas distribution facilities."

If the proposed rates are approved by the Public Utilities Commission of Ohio, a typical residential customer of CG&E would see an increase of $4.90, or 6.1 percent, making his monthly bill $85.40 instead of the current $80.50. Rates for non-residential firm transportation customers would increase about 2.3 percent, while non-residential interruptible rates would increase about 4.6 percent.

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